Does my homeowners policy cover my home’s HVAC system?
Your HVAC system is an integral part of your home. Naturally, you would assume that every facet of your HVAC system would be covered under your homeowners insurance policy. While most of your HVAC system is covered, there are some caveats. Here’s what your home insurance will cover.
AC Unit or Furnace
First things first, your AC unit and furnace are considered part of your home’s structure. This means that if your home’s AC unit or furnace sustain damage due to a covered peril, then your home insurance will offer compensation to repair or replace them.
Window AC Units
While central air conditioning and heating systems are considered part of your home in the eyes of insurers, window units typically fall under the category of personal property. This means that your window AC unit will only have coverage for named perils and you may be subject to certain personal property coverage limits.
Damage Caused by AC Units
Air conditioners create water as they operate and, if they are not properly maintained, then this can result in water damage to your home and personal belongings. However, because this damage is considered a result of your lack of care, it will not be covered under your homeowners insurance policy.
Damage Caused by Furnaces
If your furnace malfunctions and causes a fire in your home, then your home insurance would cover these damages because fires are covered perils under most policies. However, the cost of replacing your furnace will fall to you.
This is what your home insurance will cover when it comes to your HVAC system. Do you have additional questions when it comes to your homeowners insurance coverage? If so, then contact the experts at Phocus Insurance in Phoenix, Arizona. Our dedicated team is ready to assist you with all your coverage needs today.
